Panmure Gordon Maintains Hold Rating on ASOS (ASOMF)
Analyst Recommendation: Panmure Gordon has reiterated a "Hold" recommendation for ASOS, with an average one-year price target of $4.87/share, indicating a potential upside of 1.58% from its current price of $4.79/share.
Projected Revenue and EPS: ASOS is projected to achieve an annual revenue of $4,578 million, reflecting an increase of 84.76%, with a projected non-GAAP EPS of 0.56.
Fund Sentiment: There has been a slight decrease in the number of funds reporting positions in ASOS, down by 2.56% in the last quarter, while the average portfolio weight dedicated to ASOS has increased by 8.46%.
Shareholder Activity: Major shareholders, including Vanguard and iShares, have reduced their holdings in ASOS, with some funds decreasing their portfolio allocations by over 20%, while one fund slightly increased its stake.
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